Carlyle Acquires Getty Images for $3.3BN

The Carlyle Group (NASDAQ: CG) has acquired a majority interest in Getty Images, a global distributor of still imagery, video and multimedia.

The transaction was valued at approximately $3.3 billion. J.P. Morgan, Barclays, Credit Suisse, Goldman, Sachs & Co, HSBC, Nomura and RBC Capital Markets provided debt financing for the deal.

Getty Images Co-Founder and Chairman Mark Getty and the Getty family have rolled substantially all of their ownership interests into the acquisition. The management team, including Co-Founder and CEO Jonathan Klein, has invested significant equity in the company.

The investment is designed to support Getty Images in the next phase of development and growth and expand its global presence.

Getty Images is a creator and distributor of still imagery, video and multimedia products, as well as a provider of other forms of premium digital content, including music. Their products are used by newspapers, magazines, advertising campaigns, films, television programs, books and Web sites in more than 100 countries.



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